Latest news
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S. Korean luxury goods ecommerce platform Balaan achieves profit in 4Q 2023
SEOUL -- South Korean luxury goods ecommerce platform operator Balaan has seen its first quarterly profit in the fourth quarter of 2023, about eight years after the online luxury product shopping service was launched in 2015. Buoyed by the robust performance in the domestic market, the ecommerce platform operator is poised to expand into the global market. The three years of the COVID-19 pandemic provided a wide range of opportunities in South Korea's online luxury goods mar
January 30, 2024 -
About 30% of children's daycare centers to be closed in 2028 due to low birth rate: data
SEOUL -- About 30 percent of children's daycare centers and kindergartens in South Korea will be closed in 2028, due to low birth rate, data released by a private child care and education institute showed. Recent data from South Korea's National Assembly Budget Office (NABO) reveals a projected 49.6 percent decrease in the population of young people aged 0 to 14 by 2040, dropping to approximately 3.18 million from 6.32 million in 2020. This projection assumes that the fert
January 30, 2024 -
NewJeans to participate in Seoul's biannual fashion event as honorary ambassador
SEOUL -- Girl Band NewJeans will participate in South Korea's major fashion event "Seoul Fashion Week" as a global ambassador. The five-member band will promote the biannual event, featuring 21 South Korean brands, at its fashion show. The fashion event, organized by Seoul City, is scheduled for five days starting on February 1. A total of 68 fashion brands will engage in a trade exhibition where they can interact with 101 overseas buyers from 23 countries including
January 30, 2024 -
BLACKPINK's 'Pink Venom' surpasses 800 mln views on YouTube
SEOUL -- The music video for BLACKPINK's dance song "Pink Venom" has garnered more than 800 million views on YouTube, 527 days after its release on August 19, 2022. The song with hip-hop and electronic dance music features entered the Billboard Hot 100 chart and topped the charts of major domestic online music streaming services in 2022. The music video had 801,064,451 views as of 5:39 p.m. (0839 GMT) on January 29. The number of music video views on YouTube surpass
January 29, 2024 -
N. Korea leader Kim Jong-un inspects test fire of submarine-launched cruise missile
SEOUL -- North Korean Kim Jong-un has personally inspected the test fire of a submarine-launched strategic cruise missile called "Pulhwasal-3-31." Pyongyang has previously fired the cruise missile with a codename meaning "fire arrow" in Korean, into the West Sea, also known as the Yellow Sea, on January 24. On January 25, North Korea's state news agency the Korea Central News Agency (KCNA) reported that Pyongyang's Missile Administration conducted the
January 29, 2024 -
Exports of S. Korean processed rice products achieve record-high of $217 mln in 2023
SEOUL -- Data released by the agriculture ministry reveals that South Korean processed rice exports reached a record-high of $217.2 million in 2023. The surge in exports can be attributed to the global popularity of South Korean rice products, including instant cooked rice packs, rice cakes, frozen "Gimbab," Korean-style rice rolls filled with various ingredients such as vegetables and meat, wrapped in seaweed. This rise in popularity can be linked to the increased recog
January 29, 2024 -
Hanwha Systems leads development of S. Korea's homemade rotary-wing unmanned aircraft
SEOUL -- Hanwha Systems, a key defense contractor affiliated with Hanwha Group, was selected to lead the development of an unmanned aerial vehicle that would be used for surveillance and reconnaissance missions. The homemade rotary-wing solution can be operated on land or naval vessels, especially in areas where constructing conventional runways is challenging. Rotary-wing aircraft operate through wings that constantly spin during flight. Using a camera featuring optical and infra
January 29, 2024 -
CHA Meditech makes foray into Thailand's aesthetics market with filler brand 'HyaFilia SMV'
SEOUL -- CHA Meditech, an aesthetics wing of South Korea's biopharmaceutical company CHA Biotech, has made a foray into Thailand's filler market estimated to be worth at least 90 billion won ($67.4 million). After receiving state approval from the Thai government in October 2023, the South Korean filler producer cooperated with a local distribution company to launch the filler brand "HyaFilia SMV." According to CHA Meditech's communications manager Kim Woo-gy
January 27, 2024 -
Indian Embassy in Seoul celebrates 75th year of anniversary of foundation of Republic of India
SEOUL -- The Embassy of India in South Korea celebrated the 75th anniversary of the creation of the Republic of India on Sevit Islands, a set of three artificial islands in southern Seoul known as a cultural complex, on January 26. The country was founded about two and a half years after gaining independence from British rule on August 15, 1947. "It is a testament to the wisdom and foresight of our founding fathers that democracy has not only taken deep roots but flourished
January 26, 2024 -
Busan to host barista contest to select S. Korean representative for World Barista Championship
SEOUL -- A barista competition to pick South Korea's national barista will take place in the southern port city of Busan, well known for its fervent coffee culture. Using a coffee machine, contestants will create 12 beverages such as espresso and milk-based drinks within 15 minutes. The winner will participate in a global barista championship in May 2024. The 2024 Korea National Barista Championship (KNBC) is scheduled for four days, starting on February 1. To host the event,
January 26, 2024
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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Seoul's bus labor union launches strike for first time in 12 years
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US political turmoil reflects our wider society – in 2024 and earlier elections
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S. Korean mobility solution company targets historical city as gateway to Viet Nam
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Life expectancy in South Korea decreases for first time since 2000